News
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FAO to continue assisting region develop agricultural sector
SANTIAGO, Chile, CMC – The effects of climate change on agriculture and its impact on food security were among matters discussed between Caribbean Community (CARICOM) Secretary General Irwin LaRocque and the Director General of the Food and Agricultural Organisation (FAO) José Graziano da Silva. A Guyana-based CARICOM Secretariat statement issued after the talks said that the two sides also discussed…
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COTED to meet in Trinidad
PORT OF SPAIN, Trinidad, CMC – The Caribbean Community (CARICOM) Council for Trade and Economic Development (COTED) will hold a meeting in Trinidad and Tobago in March to examine energy issues in the region, according to Energy and Energy Affairs Minister Kevin Ramnarine Ramnarine addressing the 2013 Trinidad and Tobago Energy Conference said that the March 1 COTED meeting would…
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Government pleased with performance of local economy
PORT OF SPAIN, Trinidad, CMC –The Trinidad and Tobago government says it is pleased with the performance of the local economy and welcomed recent ratings by the US based rating agencies regarding the economic outlook for the oil-rich twin island republic. Finance Minister Larry Howai, wrapping up debate on the Finance Bill on Monday night, Howai said that the government’s…
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Government urges public sector union to conclude salary negotiations
ROSEAU, Dominica, CMC – Prime Minister Roosevelt Skerrit Tuesday urged the Dominica Public Service Union (DPSU) to accept the latest wage offer for public servants as the government concluded agreements with teachers and police officers. Skerrit has also warned that his administration would most likely trigger legislation that would allow for the establishment of a tribunal to deal with the…
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IMF issues new estimates for economic growth in St. Kitts-Nevis
BASSETERRE, St. Kitts, CMC – The International Monetary Fund (IMF) Tuesday revised downwards the estimate of economic growth for 2012 in St. Kitts and Nevis. An IMF delegation, which has ended a one week visit to the island, downgraded the growth from minus 0.7 to minus 0.9 percent, reflecting a decline in tourism in the third quarter. “However, an expected…
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Grenada welcomes new ID system for sub-region
ST. GEORGE’S, Grenada, CMC – The Grenada government says it welcomes the new Multi-Purpose Identification System (MPID) for citizens of the Organisation of Eastern Caribbean States (OECS). A government statement said that the system provides a cost-effective, incremental approach to integrating existing identity systems across the nine-member OECS and will offer a unique, inter-operable, best practice means of identifying each…
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CDB raises US$300m to boost regional growth
KINGSTON, Jamaica – RBC Capital Markets, in conjunction with RBC Merchant Bank (Caribbean) Limited, has successfully placed a US$300-million amortising bond issue for the Caribbean Development Bank (CDB) to bolster regional development and stimulate economic growth. The 15-year fixed-rate bond bears interest of 4.375 per cent annually until maturity in 2027, and represents a significant investment inflow into the region,…
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United Nations wants credible elections in Haiti
UNITED NATIONS, CMC – The United Nations Security Council is urging all political actors in Haiti to work constructively on priorities, including credible 2013 elections and security sector reform. The UN has also re-affirmed its commitment to the French-speaking Caribbean Community (CARICOM) country as it seeks to complete its peacekeeping mission in the earthquake battered country. “The members of the…
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New study says small businesses can boost relations between Caribbean and Europe
SANTIAGO, Chile, CMC – A new study says micro, small and medium-sized enterprises (MSMEs) can play a “fresh and significant role” in boosting relations between Latin America and the Caribbean and the European Union (EU). The study titled “Building SME Competitiveness in the European union and Latin America and the Caribbean : Policy Proposals by the Private Sector” was discussed…
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Chile and Caribbean countries pledge closer working relationship
SANTIAGO, Chile, CMC – The 15-member Caribbean Community (CARICOM) grouping and Chile have pledged to continue working together to further strengthen their relationship. A communiqué issued at the end of talks between Chilean President Sebastián Piñera Echenique and CARICOM leaders on Monday, noted “a commitment was also made to work together with the aim to achieve regional integration objectives set…
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